Читать книгу Home Buying Kit For Dummies - Eric Tyson - Страница 65

As with all informed investing decisions, which investment(s) you consider for money earmarked for your down payment should be determined by how soon you need the money back. The longer the time frame during which you can invest, the more growth-oriented and riskier (that is, more volatile) an investment you may consider. Conversely, when you have a short time frame — five years or less — during which you can invest, choosing volatile investments is dangerous.

When the stock market is rising, some folks are tempted to keep down-payment money in stocks. After all, when you’re getting returns of 10, 15, 20 percent or more annually, you’ll reach your down-payment savings goal far more quickly. Greedier investors lusting after high-flying technology and Internet stocks that seem to double in value every 90 days hope to quickly parlay their small savings for a shack into a money mountain for a mansion.